The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
A T & T INC (NEW) COM 00206R102 570 17,452 SH   DFND   11,532 5,920 0
ABIOMED INC COM COM 3654100 3,794 53,000 SH   DFND   35,040 17,960 0
ALIGN TECHNOLOGY INC COM COM 16255101 287 5,335 SH   DFND   0 5,335 0
ALLEGHANY CORP DEL COM COM 17175100 341 700 SH   SOLE   700 0 0
AMERICAN NATL INS CO COM COM 28591105 2,659 27,028 SH   DFND   19,087 7,941 0
ASTROTECH CORP COM 46484101 45 14,600 SH   SOLE   14,600 0 0
BOEING CO COM COM 97023105 504 3,355 SH   DFND   3,290 65 0
BRISTOL MYERS SQUIBB CO COM 110122108 330 5,123 SH   SOLE   5,123 0 0
CALAVO GROWERS INC COM COM 128246105 4,074 79,216 SH   DFND   53,336 25,880 0
CALIFORNIA RESOURCES CORP COM 13057Q107 0 24 SH   SOLE   24 0 0
CAMDEN PPTY TR SH BEN INT COM 133131102 2,002 25,628 SH   DFND   17,773 7,855 0
CASEYS GEN STORES INC COM COM 147528103 1,975 21,918 SH   DFND   14,953 6,965 0
CELGENE CORP COM COM 151020104 441 6,944 SH   DFND   5,622 1,322 0
CHEVRONTEXACO CORP COM COM 166764100 384 3,660 SH   DFND   3,652 8 0
COMSTOCK RES INC COM NEW COM 205768203 4 1,006 SH   SOLE   1,006 0 0
CONTANGO OIL & GAS COMPANY COM COM 21075N204 1,329 60,443 SH   DFND   39,642 20,801 0
CORNING INC COM COM 219350105 204 9,000 SH   SOLE   9,000 0 0
COUER MINING ING COM 192108504 23 4,825 SH   SOLE   4,825 0 0
CREDIT SUISSE NASSAU BRH GOLD PREFERRED STOCKS 22542D480 274 23,290 SH   DFND   6,840 16,450 0
CUBIC CORP COM COM 229669106 1,634 31,564 SH   DFND   19,590 11,974 0
DEERE & CO COM COM 244199105 351 4,000 SH   DFND   2,000 2,000 0
DOW CHEMICAL CORP COM 260543103 330 6,864 SH   SOLE   6,864 0 0
ENSCO PLC SHS CLASS A COM G3157S106 660 31,327 SH   DFND   19,837 11,490 0
ETFS SILVER TRUST COM 26922X107 5 324 SH   SOLE   324 0 0
EXCO RESOURCES INC COM 269279402 2 1,000 SH   SOLE   1,000 0 0
EXXON MOBIL CORP COM COM 30231G102 1,055 12,412 SH   DFND   6,572 5,840 0
FIREEYE INC COM COM 31816Q101 3,171 80,768 SH   DFND   49,157 31,611 0
GENERAL ELEC CO COM 369604103 303 12,220 SH   DFND   11,870 350 0
GILEAD SCIENCES INC COM COM 375558103 409 4,170 SH   DFND   0 4,170 0
GTT COMMUNICATIONS INC COM COM 362393100 2,239 118,580 SH   DFND   81,137 37,443 0
HD SUPPLY HLDGS INC COM COM 40416M105 2,056 65,985 SH   DFND   41,896 24,089 0
ILLINOIS TOOL WKS INC COM COM 452308109 352 3,625 SH   DFND   50 3,575 0
ILLUMINA INC COM COM 452327109 2,422 13,051 SH   DFND   8,666 4,385 0
INTREPID POTASH INC COM COM 46121Y102 1,741 150,676 SH   DFND   99,658 51,018 0
ISHARES GOLD TRUST COM 464285105 8 656 SH   SOLE   656 0 0
ISHARES TR RUSSELL MCP VL COM 464287473 203 2,700 SH   DFND   400 2,300 0
ISIS PHARMACEUTICALS INC COM COM 464330109 1,333 20,947 SH   DFND   12,277 8,670 0
JACOBS ENGR GROUP INC DEL COM COM 469814107 1,712 37,891 SH   DFND   25,839 12,052 0
JOHNSON & JOHNSON COM 478160104 1,082 10,752 SH   DFND   5,507 5,245 0
KAYNE ANDERSON MLP INVT CO COM COM 486606106 651 18,335 SH   DFND   0 18,335 0
KB HOME COM COM 48666K109 2,662 170,437 SH   DFND   122,497 47,940 0
KKR & CO L P DEL COM UNITS COM 48248M102 418 18,338 SH   DFND   13,695 4,643 0
LSI INDS INC COM COM 50216C108 106 13,000 SH   SOLE   13,000 0 0
MASTEC INC COM COM 576323109 1,920 99,483 SH   DFND   56,952 42,531 0
MCDERMOTT INTERNATIONAL COM 580037109 18 4,600 SH   SOLE   4,600 0 0
MEAD JOHNSON NUTRITION CO COM COM 582839106 358 3,560 SH   SOLE   3,560 0 0
MICROSEMI CORP COM COM 595137100 2,449 69,179 SH   DFND   48,003 21,176 0
MILLER ENERGY RES INC COM COM 600527105 3 300 SH   SOLE   300 0 0
MILLS MUSIC TRUST COM 601158108 1 60 SH   SOLE   60 0 0
MITEK SYS INC COM NEW COM 606710200 199 63,035 SH   DFND   0 63,035 0
MTS SYS CORP COM COM 553777103 2,520 33,314 SH   DFND   20,135 13,179 0
NEWMONT MINING CORP COM 651639106 17 800 SH   SOLE   800 0 0
NORFOLK SOUTHN CORP COM 655844108 502 4,880 SH   SOLE   4,880 0 0
OCCIDENTAL PETE CORP COM COM 674599105 15 200 SH   SOLE   200 0 0
OMNICOM GROUP COM COM 681919106 607 7,784 SH   DFND   2,987 4,797 0
ORGANOVO HLDGS INC COM COM 68620A104 138 38,990 SH   DFND   0 38,990 0
PCS EDVENTURES COM INC COM COM 69325N102 1 20,700 SH   DFND   0 20,700 0
PFIZER INC COM 717081103 411 11,820 SH   SOLE   11,820 0 0
PREMIER EXHIBITIONS INC COM 740S1E102 1 300 SH   SOLE   300 0 0
PRICESMART INC COM COM 741511109 1,580 18,594 SH   DFND   12,726 5,868 0
PRIVATEBANCORP INC COM COM 742962103 2,550 72,495 SH   DFND   54,719 17,776 0
RAYTHEON CO COM NEW COM 755111507 372 3,405 SH   DFND   0 3,405 0
ROSS STORES INC COM COM 778296103 1,193 11,315 SH   DFND   6,212 5,103 0
SABINE OIL & GAS CORP COM 78532P107 0 25 SH   SOLE   25 0 0
SANDISK CORP COM COM 80004C101 2,230 35,064 SH   DFND   22,584 12,480 0
SENOMYX INC COM COM 81724Q107 771 174,746 SH   DFND   114,458 60,288 0
SJW CORP COM COM 784305104 239 7,740 SH   SOLE   7,740 0 0
SNAP ON INC COM COM 833034101 216 1,470 SH   SOLE   1,470 0 0
TIDEWATER INC COM 886423102 10 500 SH   SOLE   500 0 0
TRONOX LTD SHS CL A COM Q9235V101 2,232 109,774 SH   DFND   77,312 32,462 0
TROVAGENE INC COM NEW COM 897238309 269 39,450 SH   DFND   0 39,450 0
UNILEVER NV N Y SHS NEW COM 904784709 234 5,600 SH   SOLE   5,600 0 0
UNION PAC CORP COM 907818108 540 4,986 SH   SOLE   4,986 0 0
V F CORP COM 918204108 493 6,549 SH   DFND   3,709 2,840 0
VALERO ENERGY CORP NEW COM COM 91913Y100 1,281 20,146 SH   DFND   11,426 8,720 0
VANGUARD CALIF TAX FREE FD ST MUTUAL FUNDS 922907803 202 12,755 SH   DFND   0 12,755 0
VANGUARD FIXED INCOME SECS GNM COM 922031307 634 58,648 SH   DFND   0 58,648 0
VERIZON COMMUNICATIONS COM COM 92343V104 622 12,790 SH   DFND   1,450 11,340 0
WABTEC CORP COM COM 929740108 826 8,690 SH   DFND   880 7,810 0
WELLS FARGO & CO NEW COM COM 949746101 390 7,175 SH   DFND   4,405 2,770 0